William Federici Sells 1,493 Shares of Stevanato Group (NYSE:STVN) Stock

Stevanato Group S.p.A. (NYSE:STVN) Director William Federici sold 1,493 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of €17.09, for a total transaction of €25,515.37. Following the completion of the transaction, the director directly owned 26,991 shares in the company, valued at €461,276.19. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Stevanato Group Trading Down 3.3%

Shares of Stevanato Group stock opened at €17.79 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.63 and a quick ratio of 1.11. The stock’s 50 day simple moving average is €17.47 and its 200-day simple moving average is €17.26. The stock has a market cap of $5.39 billion, a P/E ratio of 30.15, a P/E/G ratio of 1.64 and a beta of 0.78. Stevanato Group S.p.A. has a 1-year low of €12.89 and a 1-year high of €28.00.

Stevanato Group (NYSE:STVN) last posted its quarterly earnings results on Friday, May 8th. The company reported €0.11 EPS for the quarter, missing the consensus estimate of €0.12 by (€0.01). Stevanato Group had a net margin of 11.76% and a return on equity of 10.27%. The company had revenue of €273.57 million during the quarter. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Analysts predict that Stevanato Group S.p.A. will post 0.68 EPS for the current fiscal year.

Stevanato Group Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Thursday, June 11th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 31.0%.

Institutional Trading of Stevanato Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming boosted its position in shares of Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after buying an additional 2,353 shares during the period. GW&K Investment Management LLC raised its holdings in shares of Stevanato Group by 76.2% in the 4th quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after buying an additional 1,055 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Stevanato Group in the 3rd quarter valued at $68,000. Fifth Third Bancorp lifted its stake in Stevanato Group by 22.6% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after acquiring an additional 773 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Stevanato Group by 1,268.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock worth $112,000 after acquiring an additional 4,250 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STVN shares. Morgan Stanley lowered their price target on shares of Stevanato Group from $24.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. KeyCorp cut their price objective on shares of Stevanato Group from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings raised shares of Stevanato Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. TD Cowen raised shares of Stevanato Group to a “strong-buy” rating in a research note on Wednesday, June 17th. Finally, Citigroup dropped their price target on shares of Stevanato Group from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stevanato Group has a consensus rating of “Buy”.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.